It provides engineering, drilling, fracking, well site services, well logging and support services to the energy patch.

FORBES: Bondholders Beware: More M&A Activity Is On The Way

The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources.

FORBES: Strong Buys Among Oil Stocks

In addition to drilling services, Transocean also provides provides well and logistics services through its integrated services division and also turnkey drilling solutions, planning, engineering and management services and competes with companies like Noble Corp and Diamond Offshore Drilling.

FORBES: Getting Beyond Gulf Spill, Transocean Sails To $86